[Main General Bulletin Board | BBFAQ | Prev by Date | Next by Date | Post Followup ] Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos Not in MLS = missing most potential customers Like This Post: - Subscribe to Daily Digest for this Bulletin Board Posted by Bill Homer [Email] (#3427) [Profile/Gallery] (more from Bill Homer) on Tue, 21 Mar 2006 13:11:22 In Reply to: Anyone buy / sell their own house?, NickR, Mon, 20 Mar 2006 13:27:18 Alert me when someone posts in this thread: Members do not see ads below this line. - Help Keep This Site Online - Signup

It is admirable that you want to get a broker's license, but the startup costs, time and effort can be high. Unless you plan to make a career out of it, it might not be cost-effective. There are ways of getting into the MLS without the services of a full-services broker: on our last house, my wife found a very-limited-services broker who basically charged us a fee for them to list the house in the MLS, stick a sign in our yard, field a few phone calls, stick their lockbox with key on our door for buyer's brokers to show the house if we were not home - we ran the Tuesday (brokers) and Sunday (public) open houses (we had been to enough of them during our house hunting that we knew the drill).

Don't think for a minute that you will get ANY buyer's broker to show your house if you are not going to pay them a commission from the sale: 2.5 - 3.0% (for each side) is common in our area, it's clearly spelled out in the MLS listing. In any case, the buyer's brokers look askance at this practice, they think that there is going to be more trouble than it is worth. However, by keeping the extra 2%+ in our pockets, we had more price flexibility and enough money left over to do some work on the next house.

posted by 63.87.52...

• Anyone buy / sell their own house?, NickR, Mon, 20 Mar 2006 13:27:18
  • Not in MLS = missing most potential customers, Bill Homer , Tue, 21 Mar 2006 13:11:22 <-- Viewing This Message
  • Re: Anyone buy / sell their own house?, jp, Tue, 21 Mar 2006 06:59:25
  • Re: Anyone buy / sell their own house?, No Snaab, Mon, 20 Mar 2006 16:59:26
  • Where are commissions only 2.5%?........, MI-Roger , Mon, 20 Mar 2006 16:48:06
    • Re: Where are commissions only 2.5%?........, AeroDave, Mon, 20 Mar 2006 20:52:01
    • 5% not unusual in L.A. - 2.5% each way. n/m, Geoff, Mon, 20 Mar 2006 18:29:23
  • Re: You have to do a lot more than get your license..., AeroDave, Mon, 20 Mar 2006 16:14:27
    • Yes - the insurance is a few grand a year, Geoff, Mon, 20 Mar 2006 16:29:40
  • Re: Anyone buy / sell their own house?, Vicsaero95, Mon, 20 Mar 2006 13:53:06
    • I was also going to use when buying, NickR, Mon, 20 Mar 2006 14:21:16
      • Re: I was also going to use when buying, Gene, Tue, 21 Mar 2006 15:58:48
      • Maybe, but, Geoff, Mon, 20 Mar 2006 14:39:33
  • License not needed?, mike-p., Mon, 20 Mar 2006 13:51:31

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